Kuo, Chu-Chi; Shyu, Joseph Z. 2021. "A Cross-National Comparative Policy Analysis of the Blockchain Technology between the USA and China" Sustainability 13, no. 12: 6893. https://doi.org/10.3390/su13126893
Kuo, Chu-Chi; Shyu, Joseph Z. 2021. "A Cross-National Comparative Policy Analysis of the Blockchain Technology between the USA and China" Sustainability 13, no. 12: 6893. https://doi.org/10.3390/su13126893
Cite as:
Kuo, Chu-Chi; Shyu, Joseph Z. 2021. "A Cross-National Comparative Policy Analysis of the Blockchain Technology between the USA and China" Sustainability 13, no. 12: 6893. https://doi.org/10.3390/su13126893
Kuo, Chu-Chi; Shyu, Joseph Z. 2021. "A Cross-National Comparative Policy Analysis of the Blockchain Technology between the USA and China" Sustainability 13, no. 12: 6893. https://doi.org/10.3390/su13126893
Abstract
Blockchain technology can achieve decentralization, multi-party verification, anti-tampering, anonymity, traceability of transactions, and the application of distributed ledger. Countries around the world continue to seek the blockchain business models, technologies and applications, and have different visions and policies for the development of blockchain. This study conducts a comparative policy framework of theoretical analysis of the blockchain technology between the USA and China. Using the innovative policy tools proposed by Rothwell and Zegveld, the above mentioned governments are analyzed from the viewpoint of twelve policy tools. The results show that the USA and China all prefer to use “Environmental-side” policy. The USA has paid more attention to “Legal and regulatory”, “Public services” and “Procurement”. China has the highest proportion of policies in “Political tools”, followed by “Legal & regulatory”, while “Scientific and technical”, “Education” and “Overseas agent” come in third . The blockchain technology has developed vigorously among industries and its applications have gradually diversified. The results are provided to various stakeholders as a reference for policy planning.
Keywords
Blockchain; Decentralization; Innovation Policy; National Innovation Systems; Policy Tools; Legal and Regulatory
Subject
Social Sciences, Political Science
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
